Initiative 22 would raise taxes on all Colorado taxpayers. The two-tiered proposal would raise income taxes to 5 percent on incomes up to $75,000. Incomes over that amount would be taxed at a rate of 5.9 percent. Colorado’s current income tax rate is a flat 4.63 percent, regardless of income level.

Putting that into perspective, the Colorado Commits to Kids campaign — the group behind the initiative — says that Coloradans with incomes of $30,000 would pay less than $1 a week more in taxes, or about $50 a year. A person making $150,000 would pay a little over $14 a week more in taxes, or $731 a year.

However, opponents correctly point out that those numbers are not based on adjusted gross income, which would mean those with a taxable income of $30,000 would pay an additional $111 a year, while those with taxable incomes of $150,000 would pay an extra $1,230 a year.

Our liberal friends at ColoradoPols today published a table provided by the tax hike campaign claiming the false figures for the billion dollar bill.

Now if they would point out that the whole point of the tax increase is to turn Colorado into a consolation prize for the NATIONAL teachers union leadership, as a replacement cash stream for what they lost when Wisconsin enforced truth and fairness on them…